The price paid for pig iron exported from the Commonwealth of Independent States (CIS) declined during the week to Thursday January 30 due to pressure from falling steel scrap market prices."The falling market price of scrap [the relative pig iron substitute in steel making] is always a strong argument for buyers, who start to insist on lower pig iron prices once scrap goes down," one exporter sai...Read More
Seaborne iron ore prices were flat on Friday January 31 while the widespread coronavirus has cast a bearish outlook into the market.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $84.94 per tonne, unchanged.62% Fe Pilbara Blend fines, cfr Qingdao: $83.98 per tonne, unchanged.62% Fe low-alumina fines, cfr Qingdao: $86.55 per tonne, unchanged.58% Fe fines high-premium, cfr Qingdao: $71.60 pe...Read More
Seaborne coking coal prices ended the week flat on a muted market due to the absence of participants in China, though concerns over a possible tightening of Australian and Chinese supply have emerged.Fastmarkets' indicesPremium hard coking coal, fob DBCT: $152.29 per tonne, unchanged Premium hard coking coal, cfr Jingtang: $162.73 per tonne, unchanged Hard coking coal, fob DBCT: $127.01 per tonne,...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesWhile admitting the past year was challenging, the company's gold production of 470,601 ounces was smack in the middle of its revised guidance, reduced from 500,000-550,000oz to 460,000-480,000oz.Read More
The three-month lead price on the London Metal Exchange was higher during morning trading on Friday January 31, climbing by more than 1% to show signs of improvement after slipping through key support levels over January, while zinc futures failed to push above nearby resistance. Lead's outright price on the LME was recently seen at $1,845 per tonne, up from Thursday's closing price of $1,825 per...Read More
An overview of the minor metals markets and their latest price moves.Read More
Mr. Vialoux is scheduled to appear by conference call on Michael Campbell's radio show broadcast this Saturday, February 1st at approximately 9:00 AM Vancouver time (Noon Toronto time). Contact through the internet is www.CKNW.comPre-opening Comments for Friday January 31stU.S. equity index futures were lower this morning. S&P 500 futures were down 14 points in pre-opening trade.Index fu...Read More
Monthly European alloy steel surcharges have increased slightly in January but there were already expectations in the market for decreases in March because of falling nickel costs, sources told Fastmarkets on Friday January 31.Fastmarkets' calculation on Friday of the stainless steel cold-rolled sheet, 2mm, grade 304, alloy surcharge, domestic, Europe, was ?,?1,434-1,448 ($1,581-1,596) per tonne f...Read More
Imports of hot-rolled stainless steel sheet and coil from China, Taiwan and Indonesia now need to be registered on entering the European Union and could be subject to retroactive duties later in the year.The European Commission (EC) registration scheme came into force on January 24 and applies to "flat-rolled products of stainless steel, whether or not in coils (including products cut-to...Read More
Buyers in the Asian ferrous scrap market are putting off purchases of imports amid fears over the Wuhan coronavirus outbreak in China and news of transactions being concluded below prevailing levels involving cargoes sold to South Korea.VietnamFastmarkets' weekly price assessment for bulk cargoes of steel scrap HMS 1&2 (80:20), cfr Vietnam was $278-285 per tonne cfr on Friday January 31, down $10-...Read More
Sales of electric vehicles (EVs) are likely to hit 3 million this year, but should skyrocket to between 21 million and 43 million by 2030, according to a new report from Bank of America."EV sales are expected to take off in the early 2020s when EV costs converge with internal combustion engine vehicles and car manufacturers ramp up production," the bank states in a new report entitled: Emission Im...Read More
While uranium spot prices were down 14% in 2019, supply and demand fundamentals for uranium are the "most bullish in years," and the sector "offers its most compelling value proposition since pre-Fukushima," Haywood Securities says in a new research note."Looking ahead, we believe we are in the early stages of a long-term bull market for the uranium investment theme and recommend investors begin p...Read More
Palladium prices have surged 1520% since 2009 due to tight supply and higher emission standards, and analysts at the Bank of America forecast the metal could rise to US$3,500 per oz. in the fourth quarter of 2020 from the current spot price of US$2,302.75 per ounce.The bank estimates that palladium will rise to an average price of US$2,450 per oz. in the first quarter and to US$3,000 per oz. durin...Read More
Anglo American (LON: AAL) has reported a roof collapse in parts of its Moranbah North coking coal mine in Queensland, Australia.The diversified miner said no one was injured in the accident, which happened during a planned longwall move. It noted the incident was triggered by a geotechnical issue.Coking coal markets have been particularly sensitive to supply disruptions over the past four years, a...Read More
A drought in parts of Australia that's delivered record low rainfall is posing potential risks to output at key gold mines in the world's second-largest producer.Read full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
150 km north of Montr?(C)al, QC lies the best-kept secret of the 21st-century auto industry: a world-class graphite deposit to propel the electric revolution. N...Read full newsRead More
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"@killerwild Odds R downtrend continues as the CONTROL boys have their chance with China markets closed and in Chaos. See my Sunday night post =NY & London in charge without China. Unlike others,I don't know the future, I look at odds.If your trading without stops=won't make it long term."Read full newsRead More
The Directors of eMetals Limited are pleased submit the Quarterly Activities Report and Appendix 5B for the quarter ending 31 December 2019.Read full newsRead More